Boeing Acquires Millennium Space Systems
Sandra Erwin, SpaceNews:
Millennium Space Systems develops and manufactures military satellites and has deep expertise in complex systems engineering. It is privately owned and the terms of the acquisition by Boeing were not disclosed. Millennium has received NASA contracts but its primary customer is the U.S. Air Force, which could open up opportunities for Boeing to compete in the national security space sector.
The most telling piece of info here is that Millennium will operate as a subsidiary reporting to Phantom Works:
The acquisition is expected to close by the end of third quarter 2018. Once finalized, Millennium Space Systems will become a Boeing subsidiary, operating under its current business model and reporting to Mark Cherry, vice president and general manager of Phantom Works.
Seems like Boeing sees Millennium as their ticket into the Department of Defense’s resiliency campaign that gets so much talk of late.